13 QUEEN STREET W, Springwater (Elmvale)
$2,875,000
For sale: Other
- Property type
- Sale Of Business
- Bedrooms / bathrooms
- 5 bathrooms
- MLS®
- MLS® S13794584
- Neighbourhood
- Elmvale
BUILDING & BUSINESS FOR SALE! Exceptional opportunity to acquire The Palace Tavern, an established Elmvale business together with its approximately 4,700 sq. ft. mixed-use building. Ideally situated in the heart of this vibrant and growing community, the property offers multiple income streams with a fully equipped tavern, café space and three on-site residential apartments. The popular tavern is known for its welcoming atmosphere, live entertainment and signature Jam Nights, providing an excellent foundation for a new owner to continue and expand the operation. Ample on-site parking and an outdoor patio further enhance the property's year-round appeal. Whether you are an entrepreneur seeking a turnkey hospitality business or an investor looking for a versatile commercial and residential asset, this unique offering presents outstanding potential in a well-established community. A rare opportunity to own the real estate and business under one roof!
Sold data
Homes in Elmvale — recent sold market
Homes in Elmvale took a median of 31 days to sell over the last 365 days, with the quickest quarter selling within 18 days and the slowest quarter taking more than 56, across 43 recorded sales.
That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 74 days.
The median sale price was $650,000.
Homes sold for about 2.8% below asking on average, so there was room to negotiate.
About 7% of sales closed above the list price.
Around 16% of sellers reduced their price before finding a buyer.
- Median days to sell
- 31
- Median sale price
- $650,000
- Sale-to-list ratio
- 97.2%
- Sold above asking
- 7%
Based on 43 recorded sales in the last 1 year — a small sample, so treat these figures as indicative. Aggregate statistics only; individual sale prices are not shown.
Currently for sale
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